PALO ALTO, Calif. - March 24, 2015 - The Malibu Division of Communications & Power Industries LLC (CPI) has been awarded an approximately $2.5 million contract from General Atomics Aeronautical Systems, Inc. (GA-ASI) for ground-based data links to support the GA-ASI Predator®/MQ-9 Reaper® remotely piloted aircraft (RPA) system. Under the contract, CPI Malibu Division will provide GA-ASI with C-band, advanced data link antennas for tracking and communications support.

The C-band data link utilizes both an electronic-scanning antenna and acquisition aid for high-accuracy tracking of Predator B RPA in various environments and theaters. The advanced data link antennas also transmit data and images between the RPA and the ground-based control station, enabling military commanders to gather and disseminate near real-time intelligence, surveillance and reconnaissance (ISR) information.

"Having enjoyed a partnership with General Atomics Aeronautical Systems that spans more than a decade, CPI Malibu Division has witnessed firsthand the reliability and importance of GA-ASI's proven Predator B aircraft, which have been deployed in numerous combat zones and accumulated over one million flight hours. CPI Malibu Division's technology plays a critical role in Predator B's mission to protect our warfighters," said Steve Lonngren, president of CPI Malibu Division.

Work on this contract will be performed at CPI Malibu Division's facilities in Camarillo, Calif. CPI Malibu Division provides both single and dual-axis airborne, high-precision auto-tracking ground data terminals and satellite/line-of-sight (LOS) shipboard communications systems operating at L/S, C, Ku and Ka-band to support multiple applications.

About Communications & Power Industries LLC

Communications & Power Industries LLC (CPI), headquartered in Palo Alto, California, is a subsidiary of CPI International Holding Corp. and CPI International, Inc. CPI develops, manufactures and globally distributes components and subsystems used in the generation, amplification, transmission and reception of microwave signals for a wide variety of systems including radar, electronic warfare and communications (satellite and point-to-point) systems for military and commercial applications, specialty products for medical diagnostic imaging and the treatment of cancer, as well as microwave and RF energy generating products for various industrial and scientific pursuits.

Predator and Reaper are registered trademarks of General Atomics Aeronautical Systems, Inc.

Certain statements included above constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements provide our current expectations, beliefs or forecasts of future events. These statements are not guarantees of future performance. Forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual events or results to differ materially from the results projected, expected or implied by these forward-looking statements. These factors include, but are not limited to, competition in our end markets; our significant amount of debt; changes or reductions in the U.S. defense budget; currency fluctuations; goodwill impairment considerations; customer cancellations of sales contracts; U.S. Government contracts; export restrictions and other laws and regulations; international laws; changes in technology; the impact of unexpected costs; the impact of a general slowdown in the global economy; the impact of environmental laws and regulations; inability to obtain raw materials and components; and the impact of unexpected results of, or issues in connection with, dispositions and acquisitions. These and other risks are described in more detail in our periodic filings with the Securities and Exchange Commission. All future written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. We undertake no duty or obligation to (i) publicly revise any forward-looking statement to reflect circumstances or events occurring after the date hereof, (ii) to reflect the occurrence of unanticipated events or changes in our expectations or (iii) to publicly correct or update any forward-looking statement if CPI becomes aware that such statement is not likely to be achieved.